We often find that people are clinging to certain ideas or beliefs that end up giving them a sense of false hope about their retirement. It’s a dangerous position to be in. Let’s explore some of the faulty thinking that ultimately leaves people underprepared for retirement.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/07/ep-157-retirement-ready-are-you-clinging-to-false-hope/
Today's show schedule:
0:56 – How’s life in Ohio right now?
2:48 – What we’re talking about today.
3:36 – The mindset that you’ll be ready to retire when you hit a certain number.
8:15 – Belief that your income needs are going to decrease when you retire.
10:40 – Assuming that an inheritance will make up for any shortfalls in retirement.
13:27 – You’re going to ‘just figure it out’ in retirement.
14:23 – Assuming that the income estimate on our 401k statement is accurate.
16:53 – Take us through the Money & Clarity for crafting a plan.
Episode 112: Current Events
Episode 111: Special Guest
Episode 110: Gifting To Adult Children
Episode 109: Market Volatility
Episode 108: Listener Questions
Episode 107: 4th Quarter Planning
Episode 106: Are You Dysfunctional
Episode 105: Managing Expectations
Episode 104: Crisis On A Plane
Episode 103: North Korea And Your Listener Questions
Episode 102: When Can I Retire?
Episode 101: Make Your Financial Plan A Well-Designed Machine
Episode 100: Happy 100 with the Mailbag
Episode 99: A True Risk Tolerance
Episode 98: Fuzzy Math 101
Episode 97: The Planning Process
Episode 96: Mailbag - Emergency Funds And Market Crashes
Episode 95: DOL Fiduciary Rule
Episode 94: There Is No Nostradamus
Episode 93: Questions From The Mailbag
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